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They could have had a slice of the electric car cake, but decided instead to double down on petrol cars.
Did they? European car makers together have a significantly larger market share in the global EV market than Tesla. The VW Group alone is only marginally behind Tesla, and likely to overtake them soon. The European EV market is completely dominated by European carmakers.
That's not the reason, total sales are way down, and if you want to blame anyone, blame the poor quality and poor reliability of european cars and brilliant ideas like subscriptions to hardware, and the complete focus on high profit margin cars no one is buying.
Blame management:)
But let’s be honest, the Chinese government subsidizes production